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14. Biem
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Doug Foreman came up with a kitchen utensil that could spray butter and help people in their day-to-day lives. His product impressed the sharks and Lori Greiner invested $500,000 for 14% equity. But as it happens, the deal never went through, which added to the company’s woes. The company also started receiving complaints from people who were dissatisfied with the faulty products, leading to a failed Kickstarter campaign. The company now has a defunct website.
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